Mermaid Drilling provides offshore drilling and accommodation rig services through its ownership of two (2) tender rigs, and three (3) high specification premium jack-up drilling rigs in partnership with Seadrill Ltd. in the Middle East.

To improve Mermaid's future earnings capability, we have placed orders for two new build tender rigs in early 2014. Both state-of-the-art new assets are scheduled for delivery in 2016.

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